Technical Outlook on General Building Materials Stocks


WallStEquities.com has issued free tailored Stock Review on FRTA, BECN, and BMCH.

Forterra

Irving, Texas-based Forterra Inc.’s stock finished Wednesday’s session 4.06% lower at $8.75. A total volume of 534,382 shares was traded. The Company’s shares have advanced 74.65% in the past month and 121.52% over the previous three months. The stock is trading above its 50-day moving average by 35.11%. Furthermore, shares of Forterra, which manufactures and markets water and drainage pipes and products, have a Relative Strength Index (RSI) of 57.08.

On November 09th, 2017, research firm RBC Capital Markets reiterated its ‘Sector Perform’ rating on the Company’s stock with an increase of the target price from $3.50 a share to $8 a share.

Beacon Roofing Supply

Shares in Herndon, Virginia headquartered Beacon Roofing Supply Inc. ended at $61.83, down 0.93% from the last trading session. The stock recorded a trading volume of 575,908 shares. The Company’s shares have gained 12.89% in the last one month, 25.72% over the previous three months, 34.65% in the last twelve months, and 34.21% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 11.67% and 24.59%, respectively. Moreover, shares of the Company, which together with its subsidiaries, distributes residential and non-residential roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers, have an RSI of 66.11.

On November 21st, 2017, research firm RBC Capital Markets reiterated its ‘Outperform’ rating on the Company’s stock with an increase of the target price from $62 a share to $63 a share.

BMC Stock Holdings

Atlanta, Georgia headquartered BMC Stock Holdings Inc.’s stock ended yesterday’s session 0.43% lower at $23.20 with a total trading volume of 724,318 shares, which was above its three months average volume of 559.16 thousand. The Company’s shares have advanced 13.17% over the previous three months, 20.21% in the last twelve months, and 18.97% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.53% and 7.91%, respectively. Additionally, shares of BMC Stock, which operates as lumber and building materials distributor and solutions provider in the US, have an RSI of 64.47.

On November 07th, 2017, research firm RBC Capital Markets reiterated its ‘Outperform’ rating on the Company’s stock with an increase of the target price from $23 a share to $25 a share.

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